Host Hotels Correlations

HST Stock

USD 14.69 0.27 1.80%

The current 90-days correlation between Host Hotels Resorts and Ryman Hospitality Properties is -0.1 (i.e., Good diversification). The correlation of Host Hotels is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Host Hotels Correlation With Market

Significant diversification

The correlation between Host Hotels Resorts and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Host Hotels Resorts and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Host Hotels Resorts. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

Moving together with Host Stock

0.96	DRH	Diamondrock Hospitality	Pair Corr
0.65	INN	Summit Hotel Properties	Pair Corr
0.94	PEB	Pebblebrook Hotel Trust	Pair Corr
0.96	RLJ	RLJ Lodging Trust	Pair Corr
0.96	SHO	Sunstone Hotel Investors	Pair Corr
0.92	XHR	Xenia Hotels Resorts	Pair Corr
0.71	SHO-PI	Sunstone Hotel Investors	Pair Corr
0.75	PEB-PF	Pebblebrook Hotel Trust	Pair Corr
0.71	PEB-PG	Pebblebrook Hotel Trust	Pair Corr
0.74	PEB-PE	Pebblebrook Hotel Trust	Pair Corr
0.81	APLE	Apple Hospitality REIT	Pair Corr
0.75	SOHO	Sotherly Hotels	Pair Corr
0.95	CLDT	Chatham Lodging Trust	Pair Corr

Moving against Host Stock

0.85	AHT-PD	Ashford Hospitality Trust	Pair Corr
0.8	AHT-PI	Ashford Hospitality Trust	Pair Corr
0.78	AHT-PG	Ashford Hospitality Trust	Pair Corr
0.76	AHT-PF	Ashford Hospitality Trust	Pair Corr
0.75	AHT-PH	Ashford Hospitality Trust	Pair Corr
0.33	IHT	InnSuites Hospitality	Pair Corr
0.63	FR	First Industrial Realty	Pair Corr
0.54	O	Realty Income	Pair Corr
0.53	DX	Dynex Capital	Pair Corr
0.51	BHR-PB	Braemar Hotels Resorts	Pair Corr
0.47	DRH-PA	DiamondRock Hospitality	Pair Corr

Related Correlations Analysis

	SVC	DRH	SHO	RHP	RLJ	PEB	INN	HT
SVC		-0.18	-0.24	-0.11	-0.14	-0.12	-0.04	0.0	SVC
DRH	-0.18		0.96	0.5	0.97	0.96	0.67	0.0	DRH
SHO	-0.24	0.96		0.5	0.94	0.93	0.66	0.0	SHO
RHP	-0.11	0.5	0.5		0.36	0.42	0.81	0.0	RHP
RLJ	-0.14	0.97	0.94	0.36		0.96	0.6	0.0	RLJ
PEB	-0.12	0.96	0.93	0.42	0.96		0.63	0.0	PEB
INN	-0.04	0.67	0.66	0.81	0.6	0.63		0.0	INN
HT	0.0	0.0	0.0	0.0	0.0	0.0	0.0		HT
	SVC	DRH	SHO	RHP	RLJ	PEB	INN	HT

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

RLJ	+ 0.97	DRH
SHO	+ 0.96	DRH
PEB	+ 0.96	DRH
PEB	+ 0.96	RLJ
RLJ	+ 0.94	SHO
PEB	+ 0.93	SHO

High negative correlations

SHO	- 0.24	SVC
DRH	- 0.18	SVC
RLJ	- 0.14	SVC
PEB	- 0.12	SVC
RHP	- 0.11	SVC
INN	- 0.04	SVC

Risk-Adjusted Indicators

There is a big difference between Host Stock performing well and Host Hotels Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Host Hotels' multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
SVC	2.68	0.30	0.10	(1.41)	3.52	(3.05)	5.86	(7.14)	24.50
DRH	1.14	(0.21)	0.00	(1.44)	0.00	0.00	2.20	(2.46)	9.19
SHO	1.21	(0.31)	0.00	(2.23)	0.00	0.00	2.17	(2.64)	8.41
RHP	1.20	(0.19)	0.00	(0.28)	0.00	0.00	2.22	(2.76)	7.57
RLJ	1.30	(0.26)	0.00	(0.76)	0.00	0.00	2.82	(3.25)	8.31
PEB	1.65	(0.42)	0.00	(1.96)	0.00	0.00	2.40	(3.90)	10.19
INN	1.50	(0.19)	0.00	(0.25)	0.00	0.00	2.72	(3.52)	8.37
HT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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